KPI - Key Performance Indicator
As the name suggests, KPI or Key Performance Indicators are the most critical and important measures of progress towards a goal. KPIs help us strategize our operations, improve upon the carping areas and analyze before making any decision. It makes us focus on what matters and where we might be lacking.
Having well managed KPIs is vital for the sustainability and success of any business or organization. It includes setting the right targets that can meet the required level of performance, tracking the progress and improving the lagging indicators.